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Market News

Location American Market News for 7 December 2016

De-jargoned: Pre-authorisation in health insurance

livemint.com - 7 Dec 2016 14:35
De-jargoned: Pre-authorisation in health insurance When the insurer has agreed to accept the claim in advance, this stage in cashless claims process is called pre-authorisation
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Rupee strengthens against US dollar ahead of RBI meeting today At 9.15am, the rupee was trading at 67.79 per US dollar, up 0.16% from its previous close of 67.90. So far this year, it has fallen 2.7%
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Opening bell: RBI policy today; Airtel, Crompton Greaves in news In other news, petrol and diesel prices may rise next quarter on Opec cuts
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Alere is Now Oversold (ALR)

Forbes - 7 Dec 2016 23:31
Alere is Now Oversold (ALR) Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indi...
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The Real Art Behind the Trump-SoftBank $50 Billion Deal

Wall Street Journal - 7 Dec 2016 17:17
SoftBank's big U.S. investment plan likely would have happened even without the input of the president-elect. Mr. Trump took credit anyway.
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Laurus Labs IPO subscribed 61% on Day 2

livemint.com - 7 Dec 2016 16:24
Laurus Labs IPO subscribed 61% on Day 2 Laurus Labs IPO received bids for 1,33,29,155 shares as against total issue size of 2,19,11,308 scrips as per NSE data
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Stock market outlook downgraded as demonetisation hits economy A more immediate risk of PM Modi's demonetisation drive is its impact on foreign investors who have already begun moving out of the country
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RBI's message: All is well, for now

livemint.com - 7 Dec 2016 23:23
RBI's message: All is well, for now RBI's decision to hold rates is surprisingly optimistic in light of demonetisation, but also shows it's unclear about the note ban's impact on the economy
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NSE likely to start operations at GIFT City in second half of January NSE has received approvals from RoC to set up NSE IFSC and NSE IFSC Clearing Corp and is in process of applying to Sebi for its approval
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India's Central Bank Can't Cut It

Wall Street Journal - 7 Dec 2016 22:46
India's central bank is paralyzed by cash: Too little in the streets, too much in the banks.
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VSN Crosses Above 8% Yield Territory

Forbes - 7 Dec 2016 22:32
VSN Crosses Above 8% Yield Territory In trading on Wednesday, shares of Veresen Inc (Toronto: VSN) were yielding above the 8% mark based on its monthly dividend (annualized to $0.9996), with the stock changing hands as low as $12.35 on the day. Dividends ar...
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Notable Wednesday Option Activity: T, GILD, DDS Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in AT&T Inc (NYSE: T), where a total volume of 95,542 contracts has been traded thus far today, a contrac...
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Noteworthy Wednesday Option Activity: HIG, AMGN, HRG Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Hartford Financial Services Group Inc. (NYSE: HIG), where a total volume of 10,298 contracts has been ...
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What Quitters Tell Us About the Economy

Wall Street Journal - 7 Dec 2016 22:05
More workers are willing to quit their jobs, but in the goods-sector leaving is still hard.
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Taking Inventory Of Today's Apple Chatter

Forbes - 7 Dec 2016 21:55
Taking Inventory Of Today's Apple Chatter JOHANNES EISELE/AFP/Getty Images The day began with the usual negativity around Apple with Rosenblatt once again coming out with a negative piece on Apple given the analyst there has a Neutral on the shares and thus was ...
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Wednesday Sector Leaders: Services, Consumer Products Looking at the sectors faring best as of midday Wednesday, shares of Services companies are outperforming other sectors, up 1.7%. Within that group, Kohl's Corp. (NYSE: KSS) and Lowe's Companies Inc (NYSE: LOW) are two l...
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Notable Wednesday Option Activity: C, REGN, ESRX Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Citigroup Inc (NYSE: C), where a total volume of 127,652 contracts has been traded thus far today, a contra...
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In a bid to push its subscription busines, Pandora finally launched its Pandora Premium service, which is essentially a $10 per month on-demand music subscription service, similar to what Spotfiy provides. The Internet r...
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Notable Wednesday Option Activity: DIS, COST, HD Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Walt Disney Co. (NYSE: DIS), where a total volume of 104,351 contracts has been traded thus far today, a co...
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Recently, Viacom announced a partnership with IMG Worlds to develop its first Nickelodeon Park in the Middle East. The new park, which will be a significant addition to Nickelodeon branded attractions globally, is a key ...
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Noteworthy Wednesday Option Activity: HON, MU, DAL Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Honeywell International Inc (NYSE: HON), where a total of 15,472 contracts have traded so far, representing approxim...
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Notable Wednesday Option Activity: MYL, BIIB, UPS Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Mylan NV (NASD: MYL), where a total volume of 29,954 contracts has been traded thus far today, a contract v...
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